botje11
Short

USDJPY, bulls loosing momentum

FX:USDJPY   U.S. Dollar / Japanese Yen
The rally is slowing down and today's drop broke some low time frame support levels, so chances are increasing for a drop now. I am going to wait for a better entry and want to see something like the blue line. So moving up, seeing some resistance in that zone and then if it turns down, i will give it a try.


Previous analysis:

Feb 27
Comment: This push up is quite strong, so will be waiting a while to see how it goes from here. Shorting now is dangerous, need to see some rejection first.

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